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Invesco Real Estate Buys Business Park in Prague

Invesco Real Estate, on behalf of the iii-BVK Europa-Immobilien Spezialfonds, has acquired the Futurama Business Park in Prague. Terms of the transaction were not disclosed.

Futurama Business Park totals 18,500 square metres of office space across three newly-built properties. The seller was Erste Group Immorent CR.

“Our house view suggests the central European market is one that is expected to provide robust returns over the next five years. The Czech Republic itself could be one of the safe havens to invest in, in these uncertain times given the current problems and risks attached to the euro zone,” says Bettina Knirsch, Invesco Real Estate’s director of fund management.